This Sector Report is for the period ending March 2019 of the largest benchmark survey of Australia’s aged care sector – the StewartBrown Aged Care Financial Performance Survey. This quarterly survey takes in financial and supporting data from over 1,011 residential care homes, and over 26,386 home care packages (498 home care programs) nationally. The survey offers insights into the trends and drivers of financial performance at the sector level and at the individual residential and home care levels.

The StewartBrown December 2018 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from over 965 residential care facilities and over 27,164 home care packages (503 home care programs) across Australia. The quarterly survey is the largest benchmark within the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the facility or program level.

In February 2019, The Australian Department of Health (the Department) released the discussion paper “Managing Prudential Risk in Residential Aged Care” in consultation with the residential aged care sector and the broader community on the issue of managing prudential risk in residential aged care.

The existing framework in place under the Aged Care Act 1997 (the Act) supports this objective, however two recent reviews have recommended that the prudential framework be strengthened (Ernst and Young and the Tune Review).

The Department has invited submissions from all interested stakeholders to gather the sector’s views on the options for better managing prudential risk in residential aged care.

Please see below for the StewartBrown submission on managing prudential risk in residential aged care.

The listed aged care providers Estia, Regis and Japara have recently released their six months results to 31 December 2018. StewartBrown has reviewed the Listed Providers Financial Reports and a summary of this analysis can be found in this report. This listed aged care providers financial performance update focuses solely on the three listed providers in order to provide a timely snapshot and commentary on their results.

Click here to download the report.